# Post-Reversal Recovery Speed

| Variable | Recovery t+1 | Recovery t+2 |
|:---|---:|---:|
| Z_1 | -7.1569 | -36.8654* |
| | (12.3158) | (18.8020) |
| Z_2 | 0.7276 | 5.9883** |
| | (1.8627) | (2.8381) |
| Z_3 | -0.0194 | -0.2569** |
| | (0.0762) | (0.1160) |
| fiscal_bal_gdp | 0.1778*** | 0.0590 |
| | (0.0504) | (0.0734) |
| nfa_gdp_lag | -0.5786*** | -0.6039** |
| | (0.1811) | (0.2751) |
| kaopen | 0.0813 | 0.4164 |
| | (0.2283) | (0.3323) |
|:---|---:|---:|
| N | 928 | 910 |
| R² | -0.0128 | 0.0110 |
| Countries | 154 | 154 |

*Panel GLS with country and year fixed effects. Standard errors in parentheses.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*